2724EconomicsMedium
In 1971, most countries?
Aadopted a new system of fixed exchange rates
Breturned to the gold standard
Cgave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand
Dadopted single internationally accepted currency whose use is limited to international transactions
Correct answer
C. gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand
Explanation
The correct answer is gave up trying to fix exchange rates formally and began allowing them to be determined essentially by supply and demand.